PlayfulOne
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quote:
ORIGINAL: Smith117 quote:
ORIGINAL: PlayfulOne This president with his ill advised war has set the price for oil. There is no shortage in the supply, prices for oil are not high because of lack of supply. The spec market goes nuts everytime there is a hitch in Iraq. The fear is their is going to be a disruption in the supply and the trading prices get out of hand as a reflection of that. The problem rest with this president and the administration he has. This comment is hilarious to me. After a quick google search I found this: Crude Oil Imports (Top 15 Countries) (Thousand Barrels per Day) Country Dec-07 Nov-07 YTD 2007 Dec-06 Jan - Dec 2006 CANADA 1,784 1,919 1,864 1,830 1,802 SAUDI ARABIA 1,675 1,530 1,453 1,471 1,423 VENEZUELA 1,246 1,227 1,150 1,045 1,142 MEXICO 1,234 1,484 1,410 1,245 1,577 NIGERIA 1,210 1,245 1,082 1,010 1,037 ANGOLA 439 408 496 610 513 IRAQ 378 508 485 419 553 As you can see, Iraq is in 7th place for importing oil to the US. It's behind Canada, Saudi Arabia, Venezuela, Mexico, Nigeria, and Angola. The number of barrels has been far below what we get from the other counties in the list. So for those of you who think this "ill-advised war for oil" caused the oil prices....could you explain how that's true considering most of our oil doesn't even come from Iraq? and any of that has to do with what? Newsflash for you, the oil prices are on the global market. Everybod is paying over $100 a barrel not just imports into the US. Hitches and problems in Iraq cause problems in the entire Arab oil producing world. HAve you not noticed that whenever there is a large offensive, or a large attack by the "insurgents" in Iraq oil prices jump? Thre has been a fear for a long time no that things will spill out of Iraq and oil flows will be disrupted. Our dear president doesn't help that with the posturing toward Iran. Couple that with the weak dollar and you have oil prices that are way out of wack with supply. What I would find hilarious is that you try and equate global prices to some list of who imports what into the US. K
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